CMB1.L vs. MSFT.NEO
CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) is Europe Equities fund tracking the FTSE Italia AllShare TR EUR, while MSFT.NEO (Microsoft Corp CDR) is a stock. Over the past 3 years, CMB1.L returned 29.27%/yr vs 0.74%/yr for MSFT.NEO. At a 0.18 correlation, their price movements are largely independent.
Performance
CMB1.L vs. MSFT.NEO - Performance Comparison
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Different Trading Currencies
CMB1.L is traded in GBp, while MSFT.NEO is traded in CAD. To make them comparable, the MSFT.NEO values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMB1.L achieves a 17.38% return, which is significantly higher than MSFT.NEO's -19.14% return.
CMB1.L
- 1D
- 0.88%
- 1M
- 6.08%
- YTD
- 17.38%
- 6M
- 18.38%
- 1Y
- 39.41%
- 3Y*
- 29.27%
- 5Y*
- 20.47%
- 10Y*
- 16.95%
MSFT.NEO
- 1D
- 2.25%
- 1M
- -7.28%
- YTD
- -19.14%
- 6M
- -17.95%
- 1Y
- -18.40%
- 3Y*
- 0.74%
- 5Y*
- —
- 10Y*
- —
CMB1.L vs. MSFT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 17.38% | 43.83% | 13.25% | 30.68% | -3.56% | 6.35% |
MSFT.NEO Microsoft Corp CDR | -19.14% | 9.59% | 4.37% | 52.15% | -25.56% | 16.24% |
Correlation
The correlation between CMB1.L and MSFT.NEO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.18 |
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Return for Risk
CMB1.L vs. MSFT.NEO — Risk / Return Rank
CMB1.L
MSFT.NEO
CMB1.L vs. MSFT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) and Microsoft Corp CDR (MSFT.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMB1.L | MSFT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.30 | ||
| Sortino ratioReturn per unit of downside risk | +4.32 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.89 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | -0.54 | +4.34 |
| Martin ratioReturn relative to average drawdown | 13.91 | -1.05 | +14.95 |
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Drawdowns
CMB1.L vs. MSFT.NEO - Drawdown Comparison
The maximum CMB1.L drawdown since its inception was -56.05%, which is greater than MSFT.NEO's maximum drawdown of -34.42%. Use the drawdown chart below to compare losses from any high point for CMB1.L and MSFT.NEO.
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Drawdown Indicators
| CMB1.L | MSFT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.05% | -34.42% | -21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -34.42% | +24.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -34.42% | +18.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -28.36% | +28.36% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -12.21% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 17.61% | -14.79% |
Volatility
CMB1.L vs. MSFT.NEO - Volatility Comparison
The current volatility for iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) is 3.86%, while Microsoft Corp CDR (MSFT.NEO) has a volatility of 10.89%. This indicates that CMB1.L experiences smaller price fluctuations and is considered to be less risky than MSFT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMB1.L | MSFT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 10.89% | -7.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 22.49% | -10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 26.30% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 26.93% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 26.93% | -6.68% |
Dividends
CMB1.L vs. MSFT.NEO - Dividend Comparison
CMB1.L has not paid dividends to shareholders, while MSFT.NEO's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFT.NEO Microsoft Corp CDR | 0.89% | 0.70% | 0.73% | 0.75% | 1.07% | 0.19% |
Frequently Asked Questions
CMB1.L and MSFT.NEO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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